The stockholders equity accounts of nardin corporation on

Reference no: EM13609351

The stockholders equity accounts of Nardin Corporation on January 1, 2012, were as follows. Preferred stock (9%, $50 par cumulative, 10,000 shares authorized) $200,000 Common stock ($1 stated value, 2,000,000 shares authorized) 1,000,000 Paid-in capital in excess of par value--preferred stock 16,000 Paid-in capital in excess of stated value--common stock 1,400,000 Retained earnings 1,716,000 Treasury stock--common (8,000) 20,000 During 2012 the corporation had these transactions and events pertaining to its stockholders' equity. Feb 1 Issued 20,000 shares of common stock for $60,000 Nov 10 Purchased 4,000 shares of common stock for the treasury at a cost of $16,000. Nov 15 Declared a 9% cash dividend on preferred stock, payable December 15. Dec 1 Declared a $0.30 per share cash dividend to stockholders of record on December 15, payable December 31, 2012. Dec 15 Paid the dividend declared on November 15. Dec 31 Determined that net income for the year was $408,000. The market pricce of the common stock on this date was $5 per share. Piad the dividend declared on December 1.

a) Journalize the transactions. (Include entried to close net income and dividends to Retained Earnings).

Reference no: EM13609351

Questions Cloud

Determine the dimensions of the lowest cost container : design an outside storage facility for methane gas ch4. 110 kg is the maximum mass of methane to be stored at this

The results were 124 82 92 108 104 grams y bar 102 grams s : a new student grade balance was checked for stability accurancy by weighinga 100 gram weight five times. the results

In a sect351 transaction ava transfers the following assets : in a sect351 transaction ava transfers the following assets to ohagan inc. in exchange for all of its stock asset tax

When the wire is removed the spheres repel each other with : two identical conducting spheres fixed in place attract each other with an electrostatic force of 0.108n when their

The stockholders equity accounts of nardin corporation on : the stockholders equity accounts of nardin corporation on january 1 2012 were as follows. preferred stock 9 50 par

The isentropic efficiencies for the turbine and pump are 85 : a cycle based on a rankine cycle with water as the work fluid must have its highest cycle pressure and temperature at

Roney companys calendar-year 2011 income statement shows : roney companys calendar-year 2011 income statement shows the following net income 422000 depreciation expense 52328

Determine the exit temperature and the power input assuming : air at 100 kpa and 27degc enters an isentropic compressor at a rate of 100 ls and leaves at 1000 kpa. determine the

Another student is 40 m away from the talkers what sound : two people are talking at a distance of 3.0 m from where you are and you measure the sound intensity as 1.1 times 10-7

User Account

All Pages